Banco Santander (Brasil) S.A. (BSBR) Key Metrics
BSBR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Brazilian reaisBSBR returns How much profit the business earns on the capital it uses.
BSBR financial health Debt, liquidity and how easily interest is covered.
BSBR efficiency & capital use Working capital cycle and where the cash goes.
BSBR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BSBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BSBR cash returned to shareholders
BSBR key metrics in Brazilian reais
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.4% | 11.4% | 8.4% | 13.2% | 14.7% | 3.4% | 4.3% | 14.1% | 10.4% | 8.9% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | 3.5% | 7.0% | 4.2% | 3.6% |
| Return on assets (ROA) | 1.0% | 1.1% | 0.9% | 1.5% | 1.7% | 1.6% | 2.2% | 1.8% | 1.4% | 1.2% |
| Return on tangible assets | 1.0% | 1.1% | 0.9% | 1.5% | 1.7% | 1.5% | 2.2% | 1.8% | 1.4% | 1.2% |
| Free cash flow margin | 0.9% | −18.4% | 27.4% | 3.6% | 5.9% | 79.2% | 28.4% | 7.9% | 65.2% | 6.2% |
| Income quality (OCF / net income) | 0.39 | −1.58 | 3.87 | 0.48 | 0.44 | 3.15 | 1.52 | 0.66 | 5.64 | 0.92 |
| Financial health | ||||||||||
| Total debt | R$129.96B | R$135.37B | R$135.80B | R$126.66B | R$98.68B | R$70.00B | R$192.80B | R$222.69B | R$267.61B | R$352.92B |
| Cash & short-term investments | R$271.43B | R$296.96B | R$253.04B | R$289.90B | R$273.39B | R$188.67B | R$116.25B | R$117.15B | R$186.69B | R$168.42B |
| Net debt | −R$141.47B | −R$161.59B | −R$117.24B | −R$163.24B | −R$174.71B | −R$118.67B | R$76.55B | R$105.54B | R$80.92B | R$184.50B |
| Debt / equity | 1.04 | 1.13 | 1.19 | 1.15 | 0.93 | 0.66 | 0.29 | 2.43 | 3.07 | 4.16 |
| Debt / assets | 0.10 | 0.11 | 0.12 | 0.13 | 0.11 | 0.07 | 0.25 | 0.31 | 0.41 | 0.56 |
| Net debt / EBITDA | −7.31 | −7.37 | −8.00 | −7.37 | −6.43 | −9.69 | 3.10 | 5.98 | 5.00 | 10.33 |
| Current ratio | 0.34 | 0.37 | 0.34 | 0.55 | 0.55 | 0.39 | 0.42 | 0.40 | 0.55 | 0.45 |
| Quick ratio | 0.34 | 0.37 | 0.32 | 0.88 | 0.78 | 0.76 | 0.82 | 0.89 | 1.01 | 0.97 |
| Interest coverage | 0.2 | 0.2 | 0.1 | 0.3 | 0.9 | 0.5 | 0.8 | 0.6 | 0.4 | 0.4 |
| Working capital | −R$526.85B | −R$515.05B | −R$483.65B | −R$238.29B | −R$223.62B | −R$307.04B | −R$164.30B | −R$181.91B | −R$156.91B | −R$217.05B |
| Invested capital | −R$16.30B | −R$42.10B | −R$2.79B | −R$53.06B | −R$69.07B | −R$12.89B | R$749.37B | R$197.14B | R$168.01B | R$269.31B |
| Tangible asset value | R$93.33B | R$87.00B | R$82.48B | R$79.08B | R$75.19B | R$73.45B | R$640.30B | R$59.90B | R$56.89B | R$54.51B |
| Net current asset value | −R$870.29B | −R$820.80B | −R$746.48B | −R$583.84B | −R$551.05B | −R$630.75B | R$31.76B | −R$509.67B | −R$367.91B | −R$374.60B |
| Capital allocation | ||||||||||
| Dividends paid | R$6.50B | R$5.62B | R$5.45B | R$7.39B | R$9.91B | R$10.28B | R$6.95B | R$6.08B | R$5.65B | R$3.21B |
| Share buybacks (net) | — | — | R$0 | R$506.3M | R$0 | R$110.2M | R$219.7M | R$312.3M | R$378.8M | R$90.0M |
| Dividend payout ratio | 50.9% | 42.0% | 57.7% | 51.7% | 63.8% | 76.6% | 42.4% | 48.3% | 63.3% | 43.8% |
| Dividends + buybacks / free cash flow | 486.2% | — | 16.4% | 198.3% | 223.0% | 25.8% | 33.5% | 121.3% | 12.4% | 63.4% |
| Capex / revenue | 2.4% | 2.0% | 2.8% | 2.6% | 3.1% | 3.9% | 4.6% | 4.5% | 2.5% | 1.9% |
| Capex / operating cash flow | 73.2% | — | 9.2% | 41.8% | 34.7% | 4.7% | 13.8% | 36.4% | 3.7% | 22.9% |
| Capex / depreciation | 1.39 | 0.96 | 1.22 | 1.11 | 0.97 | 0.78 | 1.44 | 1.73 | 1.11 | 1.04 |
| Stock-based compensation / revenue | — | 0.2% | 0.1% | 0.0% | −27.8% | −52.6% | 12.1% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 12.8% | 14.6% | 14.9% | 15.1% | 20.9% | 30.3% | 22.8% | 25.0% | 19.8% | 16.3% |
| Efficiency | ||||||||||
| Days sales outstanding | — | 43.5 | 43.0 | 39.3 | 39.1 | 43.0 | 25.1 | 25.9 | 26.0 | 26.6 |
| Days of inventory on hand | — | — | -342.9 | -765.2 | -1,886.4 | -2,725.5 | -1,483.1 | -1,844.8 | -1,674.9 | -1,304.5 |
| Days payables outstanding | — | — | 4.3 | 4.2 | 9.3 | 13.3 | 9.7 | 34.7 | 44.2 | 42.4 |
| Cash conversion cycle (days) | — | — | -304.2 | -730.1 | -1,856.6 | -2,695.8 | -1,467.7 | -1,853.6 | -1,693.0 | -1,320.3 |
| Receivables turnover | — | 8.39 | 8.50 | 9.29 | 9.33 | 8.49 | 14.55 | 14.09 | 14.01 | 13.71 |
| Payables turnover | — | — | 85.79 | 86.63 | 39.23 | 27.39 | 37.65 | 10.52 | 8.26 | 8.60 |
| Asset turnover | 0.12 | 0.11 | 0.12 | 0.12 | 0.08 | 0.06 | 0.10 | 0.10 | 0.12 | 0.13 |
| Average receivables | — | R$15.38B | R$14.28B | R$11.93B | R$8.07B | R$6.00B | R$5.19B | R$4.75B | R$5.31B | R$6.08B |
| Average payables | — | — | R$1.00B | R$795.7M | R$735.4M | R$729.8M | R$855.4M | R$2.91B | R$4.82B | R$5.73B |
| Average inventory | — | — | −R$80.62B | −R$144.52B | −R$149.09B | −R$149.26B | −R$130.85B | −R$154.44B | −R$182.54B | −R$176.15B |
| Intangibles / total assets | 2.6% | 2.6% | 2.9% | 3.2% | 3.3% | 3.5% | 4.3% | 4.4% | 4.7% | 4.8% |
Computed from BSBR's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Brazilian reais; data from EODHD. Averages use the opening and closing balance of each year.
BSBR valuation and financial ratios
Banco Santander earned a return on equity of 10.4% in fiscal 2025. It ended the year with R$130.0 billion of debt and R$271.4 billion in cash and short-term investments, a net cash position of R$141.5 billion. It returned R$6.5 billion to shareholders: R$6.5 billion in dividends and R$0 in share buybacks, 486% of free cash flow.
See the BSBR income statement, the BSBR chart for price history, or the BSBR stock overview for the latest quote and news.
BSBR key metrics FAQ
What is Banco Santander's return on equity?
Banco Santander's return on equity (ROE) was 10.4% in fiscal 2025: net income of R$12.8 billion on average shareholders' equity of R$122.3 billion.
How much debt does Banco Santander have?
Banco Santander had total debt of R$130.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.04 and more cash than debt.
What is Banco Santander's current ratio?
Banco Santander's current ratio was 0.34 at the end of fiscal 2025: current assets were 0.34 times current liabilities.